JPO vs QQQ
YieldMax JP Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | JPO | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.19% | 0.18% | |
| AUM | $52M | $496.3B | |
| Dividend Yield | 31.09% | 0.44% | |
| Holdings | 19 | 108 | |
| YTD Return | +7.04% | +15.47% | |
| 1Y Return | +15.66% | +24.44% | |
| 3Y Return (annualized) | +16.91% | +25.47% | |
| 5Y Return (annualized) | - | +14.22% | |
| Volatility (annualized) | 15.7% | 30.6% | |
| Max Drawdown | -24.8% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 11, 2023 | Mar 10, 1999 |
JPO vs QQQ Performance
YieldMax JP Option Income Strategy ETF (JPO) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year JPO returned +15.66% while QQQ returned +24.44%. Year to date, JPO is up 7.04% versus a gain of 15.47% for QQQ.
Over three years, JPO compounded at +16.91% per year against +25.47% for QQQ. Across the full 3-year window we track, JPO has the edge at +16.91% annualized vs +12.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.7% for JPO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.8% for JPO and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPO charges 1.19% per year while QQQ charges 0.18%. On a $10,000 position that is $119 vs $18 annually, a gap of $101 per year that compounds over a long holding period. On income, JPO currently yields 31.09% against 0.44% for QQQ.
Holdings Overlap
JPO and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JPO or QQQ?
JPO has an expense ratio of 1.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, JPO or QQQ?
Over the past year JPO returned +15.66% vs +24.44% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), JPO annualized +16.91% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, JPO or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.7% for JPO. Worst drawdown: JPO -24.8% vs QQQ -83.0%.
Should I hold both JPO and QQQ?
JPO and QQQ have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPO and QQQ?
JPO and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, JPO or QQQ?
JPO yields 31.09% while QQQ yields 0.44%, so JPO currently pays the higher dividend yield.
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